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United States Steel Corp. Message Board

  • stockteam1 stockteam1 Apr 7, 2008 2:06 PM Flag

    BIG STEEL LABELED MAJOR BREAKOUT on stockteam1 YAHOO GROUP on APRIL 4

    To view home page: http://tinyurl.com/2y3ynt

    Major breakout of big steel Message List
    Reply | Forward | Delete Message #691 of 710 < Prev | Next >
    Re: Major breakout of big steel

    On the daily fractal the steel producers index $STQ came to test the
    89 EMA for suppport in mid March. the index itself triggered a re-
    entry when it took out 680 on Tuesday.

    The weekly fractal maintains an entry position that was triggered
    when it broke 625.

    One of the key components to the fractal stage analysis is how it
    allows use to trade in and with the day fractal and maintain a
    position on the weekly.

    A long term investor would trade using the monthly fractal. This has
    never triggered an exit since the entry in July 2005.

    Vick

    Fri Apr 4, 2008 2:47 pm

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